Republic Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 22, 2021 at 08:01 am EDT
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Republic Bancorp, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced net interest income was USD 67.780 million compared to USD 72.738 million a year ago. Net income was USD 20.433 million compared to USD 26.697 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 1.29 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 1.28 a year ago.
Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank provides both traditional and non-traditional banking products. Its segments include Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), Republic Payment Solutions (RPS), and Republic Credit Solutions (RCS). Its Traditional Banking products and services are offered through the Company's traditional RB&T brand. The Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States. Mortgage Banking activities primarily include fixed-term single-family, first-lien residential real estate loans. Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers. The RPS segment offers a range of payments-related products and services to consumers.
REPUBLIC BANCORP, INC. 
